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Two Malaysian state-backed funds have said they will buy Battersea Power Station in a deal that values it at around £1.6bn - making it the biggest property deal carried out in the UK.
The terms of the deal value it ahead of the UK's biggest ever property transaction, the £1.28bn sale of the 'Walkie Talkie' skyscraper in the City last year, which was acquired by a Hong Kong firm.